On the hourly chart, GBPUSD stabilized in the short term. Currently, we can pay attention to the upper 1.2908 area, which is a potential short position of the bearish bat pattern. At the same time, this position is in the previous supply area. If shorting near 1.2908, the downward target will look at the 1.2750-1.2800 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.